Deferred loss from Like Kind Exchange in prior year - entering in ProConnect

[juliermerrillcpa]

I have a new client that has bounced around between tax preparers. In 2019, he did a Like Kind Exchange and deferred a loss on the exchange.  In 2020, there is no mention of the deferred loss.  I'm now looking at 2021 and wondering where I would input this. Any tips?

[sjrcpa · Accepted solution]

I would only expect to see it on the 8824 for the year of the exchange - 2019.